Whether a homeowner is seeking to refinance or is planning to sell, an important step in the process is a real estate appraisal. An appraisal typically is conducted to assist a mortgage lender make a wise lending decision. This is different from an inspection, which is a thorough evaluation of a house’s major systems and structural integrity.
Although factors such as geographic location and sale prices of neighboring homes may be out of their control, there are steps homeowners can take to help ensure a reliable, credible opinion of value.
- Make sure every room in the house is clean and free of clutter so the appraiser can clearly see and document every asset.